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Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects alive
Core inflation in Japan's capital accelerated in June on rising fuel bills and the boost to import costs from a weak yen, data showed on Friday (Jun 28), keeping alive expectations for a near-term interest rate hike by the central bank. Separate data showed factory output rebounded nationally in May as automakers recovered from shipment disruptions, offering policymakers hope the economy was on track for a moderate recovery. The data may help the Bank of Japan (BOJ) make the case to raise interest rates as early as this month, as cost pressures from the weak yen heighten the chance of inflation staying well above its ... (full story)